Tuesday, February 9, 2010

fighting daily

I tried to short the counter rally and got stopped out --  market up 154 points here...

 Too early to attempt to catch the roll over... got squeezed out for -$200.

 This was not a good trade because I was fighting an incredibly oversold market with all sectors green.  I was going counter-trend which rarely works.  Especially with no 3 bump pattern to show the bulls are tired.

 Chances are this short will work later in the day.  Maybe I will watch for that.

 Pro traders went long today on strong names and won.

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